Senator Phil Gramm writes:
When is the last time you heard a tax-reform advocate point out that today the top 10% of income earners in America pay a larger share of the overall tax burden than anywhere else in the developed world? The most recent study on the distribution of the tax burden among nations was conducted by the Organization for Economic Cooperation and Development in 2008, and covered all forms of taxes on income, including social-insurance taxes and state and local taxes. The top 10% of earners in the U.S. paid more than 45% of all taxes on income. In Sweden the top 10% of earners paid less than 27%; in France, less than 25%. Since Sweden and France both have large value-added taxes, a regressive levy, their top-10% earners bear an even smaller share of the total tax burden. The next time Bernie Sanders demands that the rich pay their fair share, somebody should ask him if he would be satisfied if the American rich paid the same share as their counterparts in Sweden and France.